ARROW FINANCIAL CORP — Director's Dealing 2019

Oct 16, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW FINANCIAL CORP (AROW)
CIK: 0000717538
Period of Report: 2019-10-15

Reporting Person: DAKE GARY C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-10-15	Common Stock	S	3500	$32.22	Disposed	35383	Direct

Footnotes

F1: Open market sale pursuant to a 10B5-1 Plan which was established by Reporting Person on August 1, 2019 in accordance with Rule 10B5-1 of the Securities Exchange Act of 1934, as amended.

F2: The information provided reflects 235 shares acquired under the Company's DRIP and 1131 shares acquired via a stock dividend since September 09, 2019 which were not required to be reported on a Form 4. This information is being furnished to disclose the total holdings of the insider as of the date of this Form 4.